Economy

Medtronic PLC (MDT) Shares Bought by Intact Investment Management Inc

About 1.49M shares traded.

Medtronic Public Limited Company (Medtronic) is a medical technology and services company. (NYSEMKT:CMT) has risen 66.08% since November 2, 2016 and is uptrending. It has underperformed by 18.42% the S&P500.

Centurylink Investment Management Company increased Medtronic Hldg Ltd (MDT) stake by 231.15% reported in 2017Q2 SEC filing. Summit Global Investments' holdings in Medtronic PLC were worth $709,000 at the end of the most recent reporting period. The 6 months Head & Shoulders indicates high risk for the $108.79 billion company. The total value of its holdings decreased 20.5%. About 2.81 million shares traded.

Intact Investment Management Inc. boosted its holdings in Medtronic PLC (NYSE:MDT) by 55.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. It has underperformed by 12.66% the S&P500.

October 10 investment analysts at BMO Capital held the company rating at "Outperform" and raised the price target to $87.00 from $85.00. Therefore 63% are positive. Finally, BidaskClub lowered Medtronic PLC from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 24th. BMO Capital Markets maintained Medtronic plc. Needham maintained Medtronic plc. Ordinary Shares (NYSE:MDT) on Friday, February 17 with "Buy" rating. C M Bidwell & Assoc reported 0.04% in Medtronic plc. Motco now owns 1,239 shares of the medical technology company's stock worth $110,000 after purchasing an additional 99 shares during the period. Jefferies Group LLC reiterated a "buy" rating and issued a $96.00 target price on shares of Medtronic PLC in a research report on Thursday, September 28th. SunTrust has "Buy" rating and $98 target. The stock of Medtronic plc. Ordinary Shares (NYSE:MDT) for 6,400 shares. Ordinary Shares (NYSE:MDT) has "Buy" rating given on Wednesday, November 23 by Needham.

Investors of record on Friday, September 29th were issued a dividend of $0.46 per share. Its down 0.06, from 0.96 in 2017Q1. The original version of this piece can be viewed at https://www.truebluetribune.com/2017/11/03/medtronic-plc-mdt-shares-sold-by-comgest-global-investors-s-a-s.html.

Several other hedge funds and other institutional investors have also made changes to their positions in MDT. State Of New Jersey Common Pension Fund D has invested 0.26% in Medtronic plc. Ordinary Shares (NYSE:MDT). 22,903 were accumulated by Eqis Cap Management Incorporated. Ordinary Shares (NYSE:MDT) or 15,414 shares. Ordinary Shares (NYSE:MDT). Ngam Limited Partnership has invested 0.59% in Medtronic plc. Ordinary Shares (NYSE:MDT). Optimum Invest Advsr reported 0.08% stake. Ordinary Shares (NYSE:MDT). Regentatlantic Limited Liability Company stated it has 8,494 shares. Oppenheimer Holdings, Inc. reissued a "buy" rating on shares of Medtronic PLC in a research report on Tuesday, July 18th. Telos Cap Mngmt invested 2.09% of its portfolio in Medtronic plc. Heritage Trust Co purchased a new stake in shares of Medtronic PLC in the first quarter valued at about $436,000. Ordinary Shares (NYSE:MDT). Hudson Valley Invest Inc Adv owns 164,471 shares for 4.02% of their portfolio. Comerica Inc holds 9,959 shares. It was reported on Nov, 3 by Faxor.com. Silvercrest Asset Gp Ltd invested 0.06% of its portfolio in Medtronic plc. Ordinary Shares (NYSE:MDT) rating on Tuesday, October 10. Headinvest Llc invested in 1.47% or 50,378 shares. Panagora Asset Mgmt invested in 712,661 shares. The shares were sold at an average price of $81.63, for a total value of $11,461,423.41. It also upped Dexcom Inc. Following the completion of the sale, the chief executive officer now owns 668,503 shares in the company, valued at $54,569,899.89. Hdfc Bank Ltd (NYSE:HDB) was reduced too.

Analysts await Medtronic plc. Ordinary Shares (NYSE:MDT). Vermont-based Com Of Vermont has invested 0.15% in Medtronic plc. The dividend payment was $0.460 per share for the quarter which comes to $1.84 on an annualized basis. MDT's profit will be $1.45 billion for 18.76 P/E if the $1.07 EPS becomes a reality. This is assuming the current $1.07 EPS is accurate. 68 funds opened positions while 213 raised stakes. Tarbox Family Office Incorporated owns 5,177 shares for 0.23% of their portfolio. Ordinary Shares (NYSE:MDT). Parthenon Ltd Liability Corporation owns 82,443 shares for 1.74% of their portfolio. Sterling Ltd Liability Co reported 86,528 shares. Mercer Capital Advisers invested in 830 shares or 0.03% of the stock. Foyston Gordon & Payne holds 7.71% of its portfolio in Medtronic plc. Bb&T Limited accumulated 197,206 shares. Therefore 40% are positive. Medtronic had 69 analyst reports since August 10, 2015 according to SRatingsIntel. (NYSE:PEG) has "Equal-Weight" rating given on Monday, March 14 by Barclays Capital. On Thursday, September 1 the stock rating was initiated by Bank of America with "Neutral". The firm earned "Hold" rating on Friday, June 23 by J.P. Morgan. The firm has "Hold" rating by BTIG Research given on Tuesday, August 22. Also, EVP Bryan C. Hanson sold 16,000 shares of the firm's stock in a transaction on Monday, October 16th. (NYSE:PEG) has "Equal-Weight" rating given on Wednesday, July 13 by Morgan Stanley. The stock has "Market Perform" rating by Wells Fargo on Monday, April 3. JP Morgan upgraded the shares of PEG in report on Friday, December 16 to "Overweight" rating.

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